Memecoins
Dog Meme Coins Rise as Dogecoin, Dogwifhat and Floki Pump Over 10%
Dog-themed cryptos continue to dominate the coin circuit, with projects like Dogecoin, Dogwifhat, and Floki seeing double-digit gains today.
Meanwhile, new multi-chain coin Dogeverse is also vying for top dog status as its presale surpasses the total mark of $13 million.
Meme Coin Frenzy blows up DOGE, WIF and FLOKI
The crypto market is seeing a decisive recovery and investors are increasing their risk tolerance as they rush into coin investments.
Three of the biggest gainers are Dogecoin, Dogwifhat and Floki, each edging out other large-cap meme coin contenders.
Today, the total cryptocurrency market is up 3.9%, while the market cap of meme coins has seen more than twice as many gains, up 9%.
However, Dogecoin, Dogwifhat, and Floki saw even more impressive gains, up 11.1%, 16.3%, and 15%, respectively.
Currently, Dogecoin is trading at $0.149, up 3.9% today and 1.7% this week, but remains down 14% this month. It has a market capitalization of $21 billion and a 24-hour trading volume of $1.4 billion.
Analysts are optimistic that Dogecoin’s recent momentum will continue in the coming weeks.
Tardigrade Merchant compared with Dogecoin’s current price action matches that of the last market cycle, anticipating a parabolic rise that will occur shortly.
“Doge repeats the chart pattern of the last cycle on the weekly time frame. We will see another massive pump after this consolidation,” he wrote.
Moving on to Dogwifhat, its price is $3.27, up 16.3% today, 21.6% this week, but down 8.7% this month.
Atlas Technical Analyst predicted Dogwifhat will reach its all-time high of $4.69 shortly after a retest of the key support level. The trader also provides a longer-term forecast that WIF will advance towards $10.
Meanwhile, Floki is trading at $0.0001934, up 15% today and 10.7% this week, but down 1.1% this month. It has a market capitalization of $1.8 billion and a 24-hour trading volume of $260 million.
Renowned analyst Captain Faibik anticipates further gains are on the horizon, noting that it recently broke out of an upward bull flag, paving the way for the next bullish leg.
“Bull flag breakout to the upside. Send him to Mars,” he wrote.
Captain Faibik’s analysis indicates that Floki could be heading towards $0.00046.
Indeed, this presents a bullish outlook for three dog-themed meme coins, but another contender showing huge potential is Dogeverse, the first-ever multi-chain doge cryptocurrency.
Could Dogeverse be the next Big Dog Meme piece? Presale raises $13 million
Having experienced unprecedented success throughout its pre-sale campaign, Dogeversthe chain-jumping dog impatiently awaits its stock market launch.
Leading analysts are extremely bullish on the project, considering its early success and new use case as reasons why it could be the next coin to explode.
For example, Jacob Bury predicted it could generate a 100x return on investment once launched on the stock exchanges.
Dogevese will launch on the six most popular smart contract compatible blockchains. Its epic journey has already begun on Ethereum, Base, BSC, Polygon and Avalanche, and the token will soon go live on Solana.
This pioneering use of cross-chain technology provides an unprecedented level of on-chain accessibility, helping to ensure the long-term growth and stability of the project.
Additionally, the captivating multi-chain approach aims to unite the once-differential blockchain communities under the Dogeverse banner.
While this has already struck a chord with investors, as evidenced by its impressive total increase, Dogeverse’s staking mechanic adds to the excitement.
Presale investors can stake their tokens immediately and are currently getting an APY of 82%. However, this will decrease as the staking pool increases, so they need to act quickly to secure the greatest upside potential.